Cypress Lakes Community Development District

Amended Final Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
O & M Assessments	69,281	69,352	69,352	
Debt Assessments	128,590	128,699	128,699	
Other Revenues	0	0	0	
Interest Income	120	12	11	
TOTAL REVENUES	$	197,991	$	198,063	$	198,062	
				
EXPENDITURES				
Supervisor Fees	4,000	1,200	1,200	
Payroll Taxes - Employer	320	92	92	
Engineering/Inspections	1,500	4,350	4,350	
Management	26,160	26,160	26,160	
Secretarial	4,200	4,200	4,200	
Legal	7,000	7,000	5,903	
Assessment Roll	6,000	6,000	6,000	
Audit Fees	3,600	3,600	3,600	
Insurance	6,100	5,706	5,706	
Legal Advertisements	1,400	1,200	871	
Miscellaneous	600	500	335	
Postage	175	65	56	
Office Supplies	350	225	203	
Dues & Subscriptions	175	175	175	
Trustee Fee	4,100	4,089	4,089	
Continuing Disclosure Fee	1,000	1,000	1,000	
Website Management	2,000	2,000	2,000	
Reserve	549	549	0	
TOTAL EXPENDITURES	$	69,229	$	68,111	$	65,940	
				
REVENUES LESS EXPENDITURES	$	128,762	$	129,952	$	132,122	
				
Bond Payments	(120,875)	(122,592)	(122,592)	
				
BALANCE	$	7,887	$	7,360	$	9,530	
				
County Appraiser & Tax Collector Fee	(3,957)	(2,475)	(2,475)	
Discounts For Early Payments	(7,915)	(7,491)	(7,491)	
				
EXCESS/ (SHORTFALL)	$	(3,985)	$	(2,606)	$	(436)	
				
Carryover From Prior Year	3,985	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(2,606)	$	(436)	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$75,161	
($2,606)	
$72,555	

.
Notes
Carryover From Prior Year Of $3,985 was used to reduce Fiscal Year 2021/2022 Assessments.

10/22/2022 2:54 PM	I

AMENDED FINAL BUDGET
CYPRESS LAKES COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
Interest Income	25	235	232	
NAV Tax Collection	120,875	122,592	122,592	
Total Revenues	$	120,900	$	122,827	$	122,824	
				
EXPENDITURES				
Principal Payments	60,000	60,000	60,000	
Interest Payments	60,900	62,100	62,100	
Extraordinary Principal Payments	0	20,000	20,000	
Total Expenditures	$	120,900	$	142,100	$	142,100	
				
Excess/ (Shortfall)	$	-	$	(19,273)	$	(19,276)	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$150,725	
($19,273)	
$131,452	

Notes
Reserve Fund Balance = $75,132*. Revenue Fund Balance = $52,414*. Redemption Account Balance = $3,906*.
Revenue Fund Balance To Be Used To Make 11/1/2022 Interest Payment Of $28,950.
* Approximate Amounts

Series 2004 Bond Information
Original Par Amount =	$1,745,000	Annual Principal Payments Due:	
Interest Rate =	6.00%	May 1st	
Issue Date =	August 2004	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/22 =	May 2034

$965,000	May 1st & November 1st	

10/22/2022 2:54 PM	II